Community Bank System Inc reports results for the quarter ended in September - Earnings Summary

Community Financial System

24/10/2023 14:31

* Community Bank System Inc  CBU.N  reported quarterly
adjusted
earnings of $1.10​​ per share for the quarter ended in
September. The mean expectation of eight analysts for the
quarter was for earnings of 88 cents per share.
    * Revenue fell 0.2% to $175.37 million from a year ago;
analysts
expected $176.54 million. 
    * Community Bank System Inc's reported EPS for the quarter
was 82
cents​.
    * The mean earnings estimate of analysts had risen by
about 4% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Community Bank System Inc shares had fallen by 5.9% this
quarter and lost 36.9% so far this year.
    * The company reported quarterly net income of $44.13
million.
    * Wall Street's median 12-month price target for Community
Bank
System Inc is $55.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 24 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.88           1.10           Beat
 Jun. 30 2023      0.85           0.91           Beat
 Mar. 31 2023      0.91           0.86           Missed
 Dec. 31 2022      0.93           0.97           Beat